Can I retire at age 65 with 2,360,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$194,887$193,151$191,457$189,804$188,190$180,794
2 years$96,479$94,682$92,940$91,252$89,614$82,254
3 years$63,680$61,876$60,139$58,466$56,855$49,762
4 years$47,284$45,485$43,765$42,121$40,549$33,777
5 years$37,449$35,661$33,964$32,353$30,825$24,391
6 years$30,895$29,120$27,448$25,873$24,391$18,299
7 years$26,215$24,455$22,809$21,272$19,836$14,085
8 years$22,706$20,962$19,344$17,844$16,456$11,039
9 years$19,979$18,251$16,661$15,199$13,858$8,768
10 years$17,798$16,088$14,525$13,102$11,808$7,034
11 years$16,015$14,322$12,788$11,403$10,155$5,687
12 years$14,531$12,855$11,349$10,002$8,800$4,625
13 years$13,275$11,617$10,140$8,830$7,674$3,780
14 years$12,200$10,559$9,110$7,838$6,727$3,101
15 years$11,269$9,646$8,226$6,990$5,923$2,552
16 years$10,456$8,850$7,458$6,259$5,235$2,106
17 years$9,738$8,151$6,786$5,624$4,642$1,741
18 years$9,102$7,532$6,195$5,068$4,127$1,441
19 years$8,532$6,980$5,671$4,580$3,679$1,195
20 years$8,021$6,486$5,205$4,148$3,286$992
21 years$7,559$6,042$4,787$3,764$2,940$824
22 years$7,139$5,640$4,412$3,423$2,636$686
23 years$6,756$5,275$4,074$3,117$2,366$570
24 years$6,406$4,942$3,768$2,843$2,127$475
25 years$6,084$4,638$3,490$2,596$1,914$396
26 years$5,788$4,359$3,236$2,374$1,724$330
27 years$5,514$4,102$3,005$2,173$1,554$275
28 years$5,260$3,866$2,794$1,991$1,402$229
29 years$5,024$3,647$2,600$1,826$1,266$191
30 years$4,804$3,444$2,422$1,675$1,144$159
31 years$4,599$3,256$2,258$1,539$1,034$133
32 years$4,407$3,080$2,106$1,414$936$111
33 years$4,226$2,917$1,967$1,300$847$92
34 years$4,057$2,765$1,838$1,197$767$77
35 years$3,898$2,622$1,718$1,101$694$64
36 years$3,748$2,489$1,607$1,014$629$54
37 years$3,607$2,364$1,504$935$570$45
38 years$3,473$2,247$1,409$862$517$37
39 years$3,346$2,136$1,320$794$469$31
40 years$3,226$2,033$1,237$733$425$26
41 years$3,113$1,935$1,160$676$386$22
42 years$3,005$1,843$1,088$624$350$18
43 years$2,902$1,756$1,021$576$318$15
44 years$2,804$1,674$958$532$288$13
45 years$2,711$1,596$900$491$262$11
46 years$2,622$1,522$845$454$238$9
47 years$2,537$1,453$794$419$216$7
48 years$2,456$1,387$746$387$196$6
49 years$2,378$1,324$701$358$178$5
50 years$2,304$1,265$659$331$162$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,360,000, adding $5,410 every year, while hoping to spend $33,174 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/41/13 Blend
64$2,360,000$2,360,000$2,360,000$2,360,000
65$2,606,300$2,481,220$2,444,640$2,716,385
66$2,836,846$2,567,503$2,491,239$2,879,541
67$3,089,796$2,656,902$2,538,287$3,052,616
68$3,367,399$2,749,535$2,585,764$3,239,640
69$3,672,135$2,845,523$2,633,648$3,441,918
70$4,006,734$2,944,995$2,681,917$3,660,887
71$4,374,204$3,048,082$2,730,543$3,898,125
72$4,777,857$3,154,923$2,779,500$4,155,366
73$5,221,343$3,265,659$2,828,759$4,434,518
74$5,708,683$3,380,439$2,878,285$4,737,679
75$6,244,307$3,499,419$2,928,046$5,067,157
76$6,833,095$3,622,759$2,978,004$5,425,490
77$7,480,423$3,750,627$3,028,120$5,815,469
78$8,192,215$3,883,196$3,078,351$6,240,168
79$8,974,996$4,020,648$3,128,651$6,702,965
80$9,835,957$4,163,171$3,178,972$7,207,581
81$10,783,020$4,310,962$3,229,263$7,758,109
82$11,824,913$4,464,223$3,279,467$8,359,053
83$12,971,252$4,623,169$3,329,528$9,015,372
84$14,232,634$4,788,019$3,379,382$9,732,525
85$15,620,734$4,959,003$3,428,962$10,516,519
86$17,148,417$5,136,361$3,478,200$11,373,970
87$18,829,855$5,320,343$3,527,019$12,312,160
88$20,680,667$5,511,207$3,575,342$13,339,107
89$22,718,063$5,709,223$3,623,083$14,463,640
90$24,961,004$5,914,674$3,670,155$15,695,480
91$27,430,384$6,127,851$3,716,463$17,045,333
92$30,149,227$6,349,059$3,761,908$18,524,986
93$33,142,901$6,578,617$3,806,386$20,147,423
94$36,439,362$6,816,854$3,849,784$21,926,943
95$40,069,412$7,064,115$3,891,987$23,879,291
96$44,066,994$7,320,758$3,932,871$26,021,813
97$48,469,510$7,587,158$3,972,305$28,373,612
98$53,318,175$7,863,704$4,010,152$30,955,729
99$58,658,405$8,150,800$4,046,267$33,791,342
100$64,540,243$8,448,871$4,080,498$36,905,981